China Daily: Oil Hungry China May Fuel Tanker Demand

“China, the world’s second-largest energy consumer, may lead an increase in demand for tankers as its energy needs rise, Poten & Partners said in a report. SINGAPORE: China, the world’s second-largest energy consumer, may lead an increase in demand for tankers as its energy needs rise, Poten & Partners said in a report.  The country’s imports of crude oil in the spot market have increased fivefold over the past 10 years to the equivalent of more than 55 Very Large Crude Carriers, or VLCCs, the US energy consultant said. The country’s imports of crude oil in the spot market have increased fivefold over the past 10 years to the equivalent of more than 55 Very Large Crude Carriers, or VLCCs, the US energy consultant said.”